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    OFF-MARKET
    Lifestyle centers

    11021 Nicholas Ln, Ocean Pines, MD 21811

    6,834 SF 3.56 ac lot Built 2004
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully-leased, 6,834 square foot shopping center situated on a 3.56-acre lot in the thriving Ocean Pines, Maryland community. Located at the entrance of the South Gate, this multi-tenant property boasts a prime location ensuring high foot traffic and consistent income. The building, constructed in 2004, has been meticulously maintained and recently updated, minimizing upkeep costs for the new owner. Significant improvements include a brand-new roof installed in 2022 and a complete HVAC system overhaul three years prior. The property consists of seven fully leased office/retail condo units, providing immediate cash flow. The asking price is $1,900,000, and aggressive owner financing is available. This property is zoned COMMERCIAL and offers a unique opportunity to capitalize on the continued growth of Ocean Pines. The property includes the following tax ID numbers: Unit 2: 03-143538

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 2004
    Total area 6,834 SF
    Lot 3.56 ac (155,074 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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